Kathmandu — Life insurance policies worth over Rs 34.37 billion remain lapsed in Nepal’s insurance sector, according to the 62nd annual report of the Office of the Auditor General. Despite a slight decline in the number of lapsed policies,...

Kathmandu — The Office of the Auditor General Nepal has called on the Nepal Insurance Authority to step up its monitoring efforts after it was found that life insurance companies have yet to settle claims worth over Rs 1.19...

Kathmandu — The total outstanding insurance claim amount of Nepal’s non-life insurance sector has reached Rs 35.79 billion by third quarter of of the current fiscal year. This figure marks a 41.54 percent increase compared to the same period...

Kathmandu — National Life Insurance Company has officially reappointed Suresh Prasad Khatri as its Chief Executive Officer (CEO), marking his second term at the helm of the organization. The decision was made during the company’s board meeting held on...

Kathmandu — The Nepal Insurance Authority has approved the actuarial report on the financial position and liability valuation of Asian Life Insurance Company Limited for the previous fiscal year, paving the way for the company to release its updated...

Frankfurt (Reuters) — The global reinsurance giant Swiss Re has posted a 16% year-on-year rise in net profit for the first quarter of  the year 2025, defying expectations even as it absorbed $570 million in claims from devastating wildfires...

Kathmandu – The average solvency ratio of Nepal’s non-life insurance companies has shown a modest improvement in the second quarter of the current fiscal year, reaching 3.28-up from last year’s 2.62. This improvement reflects the overall financial strength of...

Kathmandu — Nepal Reinsurance Company Limited has reported a net profit of Rs 63.3 million for the first quarter of the current fiscal year, a significant turnaround from the net loss of Rs 475.6 million recorded in the same...

Kathmandu — Prabhu Mahalaxmi Life Insurance Limited has announced its eighth Annual General Meeting (AGM), scheduled for 11 AM on Jestha 26 (June 9) at Amrapali Banquet, Kathmandu. The company’s board of directors has proposed the distribution of 8...

Kathmandu – Marking the 57th Insurance Day, a group of business students from Pokhara University took to the streets of Lekhnath with a clear message that insurance is not just a policy, it’s a pillar of financial security. Under...